FULLY LEASED RESIDENTIAL SERVICES FACILITY WITH LONG TERM INCOME + DEVELOPMENT SCOPE
CBRE Victorian Development Sites and CBRE Healthcare & Social Infrastructure are proud to exclusively present 294-296 Warrigal Road & 157 Centre Dandenong Road, Cheltenham – A highly reputable residential services investment offering long term income plus development scope.
+ Passing income of $414,797p.a + annual increases & bank guarantee with highly valuable existing improvements.
+ Renewed four (4) year lease to St James Terrace to 2024 & land tax exempt
+ Residential Services Facility featuring 45 beds (all single with en suite) and sizeable at grade parking area’s
+ Substantial underlying landholding of 3,266sqm* zoned General Residential offering multiple street frontages exceeding 30m* to Warrigal and Centre Dandenong Roads.
+ Highly trafficked and well exposed location underpinned by aged care, healthcare, fuel and retail amenity
+ Located 1.8km* to Westfield Southland - a super-regional shopping centre anchored by Woolworths, Coles, Aldi, Myer, David Jones and Village Cinemas
+ Other amenity and attractions including DFO Shopping Centre & Kingston Central Plaza 1km*, 1.8km* to Moorabbin Airport, 3km* to Costco, 2.8km* to Mentone Beach, 1km* to Kingston Heath Golf Course.
+ Multiple public transport options in Cheltenham Train Station 1.7km* and 828 bus route which travels to Southland, Highett Road and Hampton Street retail strips.
+ Only 1.5km* to Nepean Highway a major arterial connecting to Melbourne’s CBD (18km*) and south-eastern suburbs.
SOLD - CONTACT AGENT FOR FURTHER DETAILS
Nathan Mufale
+61 421 224 354
David Minty
+61 422 564 199
Marcello Caspani-Muto
+ 61 417 065 777
Jimmy Tat
+61 439 399 188
Remember to mention you found this property on DevelopmentReady
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